FILE PHOTO: A general view of the Samsung SDI battery factory in God, Hungary, December 12, 2022. REUTERS/Marton Monus/File photo
SEOUL (Reuters) -South Korean battery maker Samsung SDI, said on Wednesday it would cut the pricing of new shares to raise 2 trillion won ($1.4 billion) by 14%, after its stock tumbled in the global markets' selloff triggered by U.S. tariff fears.
Samsung SDI indicated it plans to sell its new shares at 146,200 Korean won ($98.41) each, down from the 169,200 won announced last month. The final price will be set on May 19.
